Vulnerabilities / Threats
3/25/2010
05:04 PM
Connect Directly
RSS
E-Mail
50%
50%

CEOs Paying Attention To Security, Study Says

CIO is the person most frequently held responsible for data protection, Ponemon survey says

Top-level executives are beginning to grasp the importance of security, according to a study published today.

Eighty-one percent of C-level executives think that investing in a security strategy can greatly reduce or mitigate the risk of data loss or theft, according to the survey of 115 C-level executives in the U.K. conducted by Ponemon Institute and sponsored by IBM.

"In the face of growing security threats, business leaders are finally recognizing that a strong data protection strategy plays a critical role to their bottom line," says Dr. Larry Ponemon, chairman and founder of Ponemon Institute. "Today, C-level executives believe the cost savings from investing in a data protection program is substantially higher than the estimated value of recovering from a breach."

Seventy-seven percent of C-level executives reported that their organizations have experienced a data breach at some point, while all respondents disclosed that they have had their data attacked in the past 12 months. Seventy-six percent think that reducing potential security flaws within business-critical applications is the most important aspect of their data protection programs.

C-level executives believe good data protection practices can support important organizational goals, such as compliance, reputation management, and customer trust. Only a small percentage of the CEOs surveyed, just 18 percent, are very confident that their organizations will not suffer a data breach within the next year.

Executives in the study estimated the average data breach cost per compromised record at about $250. CEOs estimated that cost to be closer to $300 per compromised record.

Three-quarters of respondents reported that one person is considered to be in charge of data protection for their organizations. That person is considered by most to be the CIO -- especially by the CEO.

More than half (51 percent) of C-level executives believe the purpose of data protection programs is to increase brand or marketplace image.

"We are witnessing C-level executives implement security strategies at a much higher rate than ever before," said Daniel Sabbah, general manager of IBM Rational.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading, September 16, 2014
Malicious software is morphing to be more targeted, stealthy, and destructive. Are you prepared to stop it?
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2012-5700
Published: 2014-09-22
Multiple cross-site scripting (XSS) vulnerabilities in Baby Gekko before 1.2.2f allow remote attackers to inject arbitrary web script or HTML via the (1) id parameter to admin/index.php or the (2) username or (3) password parameter in blocks/loginbox/loginbox.template.php to index.php. NOTE: some o...

CVE-2014-0484
Published: 2014-09-22
The Debian acpi-support package before 0.140-5+deb7u3 allows local users to gain privileges via vectors related to the "user's environment."

CVE-2014-2942
Published: 2014-09-22
Cobham Aviator 700D and 700E satellite terminals use an improper algorithm for PIN codes, which makes it easier for attackers to obtain a privileged terminal session by calculating the superuser code, and then leveraging physical access or terminal access to enter this code.

CVE-2014-3595
Published: 2014-09-22
Cross-site scripting (XSS) vulnerability in spacewalk-java 1.2.39, 1.7.54, and 2.0.2 in Spacewalk and Red Hat Network (RHN) Satellite 5.4 through 5.6 allows remote attackers to inject arbitrary web script or HTML via a crafted request that is not properly handled when logging.

CVE-2014-3635
Published: 2014-09-22
Off-by-one error in D-Bus 1.3.0 through 1.6.x before 1.6.24 and 1.8.x before 1.8.8, when running on a 64-bit system and the max_message_unix_fds limit is set to an odd number, allows remote attackers to cause a denial of service (dbus-daemon crash) or possibly execute arbitrary code by sending one m...

Best of the Web
Dark Reading Radio